# Hyundai Heavy Industries spins off construction equipment division as Hyundai Construction Equipment

Hyundai Heavy Industries spun off its Construction Equipment division into a new company, Hyundai Construction Equipment Co., Ltd, effective April 1, 2017.

- Type: Acquisition
- Announced: 2017-04-01
- Where: South Korea
- Status: completed
- Products: construction equipment, forklifts
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Hyundai Heavy Industries](https://endata.com/companies/1382.md)
- [Hyundai Construction Equipment Co., Ltd](https://endata.com/companies/17041.md) (target)

## Sources

- [samoter.it](https://www.samoter.it/en/establishment-hyundai-construction-equipment-co-ltd-1st-april-2017), 2017-04-19: "This new company was officially established with the name Hyundai Construction Equipment Co., Ltd on the 1st of April 2017."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.